Page 165 - Aig News Today

Cao suggesting this. >> the oil disaster has cost great economic impact that to my district hundreds of businesses have closed and thousands out of work. mr. stear asked mr. mckay to resign. well, in the asian culture we do things differently. during the samurai days we just give you a knife and ask you to commit hara-kiri. >> sean: you looked a little freaked out. >> i am. hes pretty much saying go commit suicide. i think it was probably a slip of the tongue to show -- >> sean: that was a long ...

Cao suggesting this. >> the oil disaster has cost great economic impact that to my district hundreds of businesses have closed and thousands out of work. mr. stear asked mr. mckay to resign. well, in the asian culture we do things differently. during the samurai days we just give you a knife and ask you to commit hara-kiri. >> sean: you looked a little freaked out. >> i am. hes pretty much saying go commit suicide. i think it was probably a slip of the tongue to show -- >> sean: that was a long ...

Blanche lincoln says she will fight hard for what she calls very good language. lets be very clear. derivatives are public assistance in the form subsidized corporate insurance sold by banks to companies. the liability is yours. its a joke. the aig derivative bailout has already cost us $182 billion, and it doesnt get into any of the other action on the floor, but our politicians are too busy taking bank money to actual restore capitalism in this country. joining us now one of the few who has be...

Provision. the fed has fought us tooth-and-nail over the last two years about making it public where $2 trillion of zero or near zero interest loans went. this amendment is incorporated on december 1st. you and everybody else in america will know who got the $2 trillion. in addition to that, huge conflicts of interest existed in my view between the fed, goldman sachs, aig, et cetera. were going to learn and have an investigation of that as well, plus a top-to-bottom audit of the emergency provis...

Do you have concern about the economic damage to bp? >> i think that bp has a very strong revenue flow. it is b not like lehman brothers or aig where all they have as assets the the financial papers and the buildings they work in. here bp has huge oil interests all around the world. it is very valuable. the economic stability of this company is not nearly as in question as were the financial firms. if we are going to construct a hierarchy of who should be receiving revenue, i think we have to pu...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> were spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think its too much and borrowing too much were lowering their principal and their rates and finding a way to keep them in houses even if they shouldnt be there, because they cant afford them. >> paul: what kind of magnitude are we talking abo...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> were spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think its too much and borrowing too much were lowering their principal and their rates and finding a way to keep them in houses even if they shouldnt be there, because they cant afford them. >> paul: what kind of magnitude are we talking abo...

Machine. >> chris: the secular socialist part. >> when you have a pay czar in the white house who thinks they have enough power and knowledge to set the salaries for hundreds of people in dozens of countries in an industry they have never been in. the government is the largest owner of general motters and chrysler and the largest funder of aig. they nationalized student loans. they are trying to find the backroad to a government run healthcare system and if you look at the recent reports that in...

Here. we are not going to hit greek levels of debt until sometime close to 2020, but if we wait until 2020 to teal with it, were basically going to have the aig bailout times 100. its the worst possible way to deal with it. just say well deal with it when the crisis happens. business people, for example, are totally disgusted by washington because everybody know what is the problem is and nobody is addressing it. >> why not? >> because it involves things that are uncomfortable like raising taxes...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> were spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think its too much and borrowing too much were lowering their principal and their rates and finding a way to keep them in houses even if they shouldnt be there, because they cant afford them. >> paul: what kind of magnitude are we talking abo...